The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-09-14
The Beginning Of the Week Shows Little
Change in tbs Stock Market.
Government ard State Bonds Rsmiiu Dali
ard gissdy During the Day.
Condition Of Money on Call-Tas Produce
and Provision Markets.
No New Features IntrOduced-Local Com
mereial charlottesville Oil Markets
Foreiga Exchanges.

NEW YORK, September 12.-Mone y Ion call
was active at 2@7 per cent. last loan 8, closed
offered at 8. Prime mercantile paper 7@9. Ster-
ling exchange firm and active at 4S094S0H for
sixty day bills and 4s41z@4s4sz for demand. The
total sales of stocks to day were 257,6SS shares
including: Delaware, Jsekswanna and Western
u 500; Erie IL OBS: Lake Shore s,505; Louisville
and: Nashville 5.145; Missouri Pacific 5,llo;
Northwestern $40; Reading $3.50; ST. Paul
$3.50; Western Union 81 $50
The new week upon the stock exchange
opened with a dull and dropping market in
which the bulk of the dealings was for profess
sio1al account London and Chicago were sell
srs to limited extent. The influences at work
were nearly all of an unfavorable character,
the effect of the disappointing bank statement
being fully felt at the opening. The advance
In the money rate in London and the rates for
exchange here with the coal miners strike were
successfully used against values. rumor Of
action by the Secretary of the Treasury was the
occasion of slight rally late In the day. Upon
Its denial further attack was made upon
values which brought prices to the lowest point
OF the day. The fact that the coalers did not de
cline more than they did despite the strike in
the coal regions was regarded as an element OF
strength, while the western Union was positive
~ strong st times under the impression that pre-
vailed that the earnings for the current quarter
will be more than usually heavy. Richmond
and West Point was the principal objective
point late in the day, being affected by the fall
ing estimates of the new cotton crop. The
opening was decidedly weak at declines from
Saturdays final prices of from e to 5s per cent
with an exceptional loss in Wheeling and Lake
Erie Of 1 and q per cent. The market was re-
stricted and a few stocks furnished q ma
jority of the business done. Further declines
were made in the first hour under the lead Of
Laekswanna but these were in part regained
before noon. After that time decided weakness
was developed and material concessions were
made throughout the list, lowest figures being
reached shortly after l O'Clock. Dizziness sgain
overspread the market, and until late in the
day little movement was noticeable, but in the
last hour covering of shorts rallied the list q
fraction and the close was quiet but firm.
Prices are invariably lower this evening, and
Wheeling and Lake Erie lost rs; Lake Erie and
Western preferred, 21z; Manhattan, rs; Jersey
Central, ~; New York Central, Norfolk and
Western preferred, Oregon, ansContinentsl
and Reading, IL; st. Paul, ~; Kansas and
Texas, Lake shore, Omaha and Richmond and
westpoint, 1. The railroad bond market was
duh and weak; sales, s599,O0O. Closing figures
are almost invariably lower Chesapeake and
Ohio serieJ q, coupon of, lost at II, the fouls
at IS. Detroit, Maekinac, Marquette land
grains, at S5; Indiana. Bloomington aud West.
ern seconds certificates, at u; Richmond and
westpoint skies, 2 at IS; Toledo, Ann Arbor and
North Michigan frsts, 81 at o. and Virginia
Midland general skies. 2 at 80. Government
bonds were dull and steady. State bonds were
neglected.